You’ve done your part: You delivered the product or service. Now, it’s time for your customer to do their part: Pay the invoice.
Almost every small business owner knows the frustration of a past due invoice. Research by QuickBooks shows that worldwide, an average of 23% of all payments to small businesses are late, despite small businesses saying they are working to mitigate overdue payments with incentives like discounts for early payments and charging late fees.
This guide will help you follow up on late payments, and includes payment reminder letter templates to help you write professional, friendly payment reminders.